Dow Monthly Chart

Interesting to take a look at the Dow chart with a long term perspective, in this case the monthly chart going back to 2007. The 38% retracement of the swing low to high appears to have come into play at 10,482, and beneath it lies the 50% retracement at 9,767 and the nearby 200 period SMA.

dowmonthly1.jpg


Chart courtesy of Worden
 
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